LANTRONIX INC

Listed Company

LTRXCIK 0001114925NasdaqAcceleratedSmaller ReportingComputer Communications EquipmentDelawareFY ends Jun 30

Period

FY 2025

Revenue

$122.92M

Net Income

$-11.37M

Total Assets

$123.72M

Equity

$74.38M

Shares Out

39.69M

Op. Cash Flow

$7.29M

Business

LANTRONIX INC provides Edge AI and Industrial Internet of Things solutions that deliver intelligent computing, secure connectivity, and remote management for mission-critical applications. Its main products and services include embedded compute system-on-modules and SiP devices, IoT system solutions such as routers, gateways, PoE switches, media converters, out-of-band management, and a SaaS cloud platform with engineering and design services. The company organizes its offerings into Embedded IoT Solutions, IoT System Solutions, and Software and Engineering Services product lines. It sells globally across the Americas, EMEA and APJ through distributors, resellers, systems integrators and direct sales channels.

Summary from filing dated 2025-08-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Net revenue	123	160	—	130	71
Cost of revenue	71	96	75	74	38
Gross profit	52	64	56	56	33
Selling, general and administrative	36	40	37	35	21
Research and development	19	20	20	18	11
Restructuring, severance and related charges	4	1	693,000	795,000	506,000
Acquisition-related costs	371,000	0	315,000	889,000	841,000
Fair value remeasurement of earnout consideration	0	−9,000	−447,000	1	0
Amortization of intangible assets	4	5	6	6	3
Total operating expenses	63	67	63	61	36
Loss from operations	−11	−3	−7	−5	−3
Interest expense, net	−511,000	−916,000	−1	−1	−315,000
Other income (expense), net	−100,000	7,000	−73,000	53,000	−197,000
Loss before income taxes	−12	−4	−8	−7	—
Provision for (benefit from) income taxes	−239,000	745,000	748,000	−2	195,000
Net loss and comprehensive loss	−11	−5	−9	−5	−4
Net loss per share - basic	−0.29	−0.12	−0.25	−0.16	−0.14
Net loss per share - diluted	−0.29	−0.12	−0.25	−0.16	−0.14
Weighted-average common shares - basic	39	37	36	33	29
Weighted-average common shares - diluted	39	37	36	33	29

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	20	26	13	17	10
Accounts receivable, net	25	31	28	26	14
Inventories, net	26	28	50	38	15
Contract manufacturers' receivable	3	1	3	3	2
Prepaid expenses and other current assets	3	2	3	5	3
Total current assets	77	89	97	90	43
Property and equipment, net	2	4	5	4	2
Goodwill	31	28	28	21	16
Intangible assets, net	4	5	11	15	9
Lease right-of-use assets	8	10	12	8	2
Other assets	624,000	600,000	472,000	325,000	240,000
Total assets	124	136	152	137	73
Accounts payable	13	10	12	21	9
Accrued payroll and related expenses	3	6	2	5	5
Current portion of long-term debt, net	3	3	3	2	1
Other current liabilities	11	11	29	8	7
Total current liabilities	30	30	46	36	23
Long-term debt, net	9	13	16	14	2
Other non-current liabilities	10	11	11	8	1
Total liabilities	49	55	74	57	26
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	—	—	0	0	0
Common stock, $0.0001 par value; 100,000,000 shares authorized; 39,102,563 and 37,872,883 shares issued and outstanding at June 30, 2025 and 2024, respectively	4,000	4,000	4,000	4,000	3,000
Additional paid-in capital	308	304	296	289	250
Accumulated deficit	−234	−223	−219	−210	−204
Accumulated other comprehensive income	371,000	371,000	371,000	371,000	371,000
Total stockholders' equity	74	81	78	80	46
Total liabilities and stockholders' equity	124	136	152	137	73

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Share-based compensation	6	8	6	6	4
Depreciation and amortization	2	2	—	—	—
Amortization of manufacturing profit in acquired inventory associated with acquisitions	88,000	822,000	—	380,000	7,000
Loss on disposal of property and equipment	6,000	3,000	15,000	4,000	193,000
Amortization of deferred debt issuance costs	45,000	110,000	104,000	261,000	28,000
Accounts receivable, net	6	−4	480,000	−7	−2
Inventories, net	2	21	−9	−15	−1
Contract manufacturers' receivable	−2	2	—	—	—
Prepaid expenses and other current assets	−426,000	327,000	—	−2	−2
Lease right-of-use assets	2	2	−18,000	−85,000	−8,000
Other assets	−24,000	−128,000	—	—	—
Accounts payable	3	−2	−9	9	4
Accrued payroll and related expenses	−2	3	−3	−222,000	2
Other liabilities	−2	−16	9	−3	−150,000
Net cash provided by operating activities	7	19	237,000	−9	4
Purchases of property and equipment	−505,000	−1	−3	−2	−783,000
Cash payment for acquisitions, net of cash and cash equivalents acquired	−6	0	—	—	—
Net cash used in investing activities	−7	−1	−7	−26	−783,000
Net proceeds from issuances of common stock	357,000	1	1	34	913,000
Tax withholding paid on behalf of employees for restricted shares	−2	−1	−821,000	−2	−877,000
Earnout consideration paid	0	−1	—	—	—
Payment of borrowings on term loan	−5	−3	—	—	—
Payment of lease liabilities	−213,000	−222,000	−30,000	−9,000	−9,000
Net cash used in financing activities	−6	−4	3	43	−1
Increase (decrease) in cash and cash equivalents	−6	13	−4	7	2
Interest paid	1	2	2	1	297,000
Income taxes paid	636,000	631,000	539,000	215,000	200,000

Filings

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